Hershey (HSY) PT Lowered to $149 at DA Davidson

DA Davidson analyst Brian Holland lowered the price target on Hershey (NYSE: HSY) to $149.00 (from $164.00) while maintaining a Neutral rating.

The analyst comments "hopes of an on algorithm or better FY26 seems premature amidst unprecedented cocoa volatility which limits visibility. Similar to MDLZ-BUY, HSY stock stabilized following initial FY25 guidance which lagged consensus but remained within the range of outcomes the buy side was contemplating. We acknowledge the potential this is the last material downward revision, but we are not confident estimates have been fully de risked. At current levels, we prefer MDLZ which is trading below HSY despite a superior growth trajectory."

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